Technical Analysis: LFEX Norway Exporters Salmon Index, 14th August 2026

David Nye - The London Fish Exchange

Published: 17th August 2026

This Article was Written by: David Nye - The London Fish Exchange

  

The Oslo FoB Index rallied 2.46% to finish the week of trading at 70.98 NOK. The Oslo FoB Index relied on the 69.09 NOK dotted horizontal support zone during this trading week.

I adjusted the slope of the solid green trendline to catch the lows of this tradingweek. I didn’t make any modifications to the horizontal support and resistance lines because of the small price movement this week. There is a time target, not shown on the chart, within the price chart for August 14, 2026, plus or minus a day or two. As discussed in previous updates, these time targets can be major or very minor accelerations or changes of trend. The Oslo FoB Index did put in a higher price low. It will be interesting to see if the Oslo FoB Index can make a higher price high above 72.72 NOK to continue the trend of higher price highs and higher price lows.

The Composite Index is rallying to test the negative crossover of its moving averages. During bear markets, this can be a very bearish setup for the Oslo FoB Index. However, during bull markets, this signal doesn’t usually produce a big price pullback. It will be very interesting to see how the next week or two plays out as the Composite Index rallies and tests its moving averages. The Composite Index doesn’t have a lot of history of making changes at its current displacement. There is a brown trendline between the Composite Index and its fast-moving average that could offer additional resistance. There is a bullish setup in the Composite Index represented by the thicker blue trendline between July 24, 2026, and August 11, 2026, on the Composite Index and RSI panes.

The Composite Index and the RSI made lower displacement lows while the Oslo FoB Index made a higher price low. The Composite Index and the RSI are more oversold at higher Oslo FoB Index prices. This is a bullish development.

The RSI is testing the underside of its fast-moving average, which can offer resistance. The RSI’s latest displacement low is well within the bullish operating range for the Oslo FoB Index, along with the last displacement high. The displacement range the RSI is using has been shifting over the last month from a bearish to a bullish operating range. There is also a timing signal on display within the RSI pane: the solid and dashed pink trendlines intersect on August 19, 2026, plus or minus a day or two. The newly drawn green upward sloping trendline introduced in last week’s update intersects the light blue downward sloping trendline and the black dotted trendline near the same date (August 19, 2026, plus or minus a day or two).

In summary, the Oslo FoB Index’s bullish developments appear to be increasing. There are a few clues within the chart that suggests there will be a change or acceleration of trend coming soon. The RSI’s most recent displacement high and low are well within its bullish displacement range for the Oslo FoB Index. I’m not seeing any bearish divergence currently in the Composite Index or the RSI vs. the Oslo FoB Index. The reader can see the red dotted horizontal resistance zones above the current Oslo FoB Index price. Can the Oslo FoB Index price go down? Absolutely! The first signs of trouble would be breaking below the green upward sloping trendline on the price chart. However, the probability of the seasonal price lows being in continues to rise, in my humble opinion.

  About This Analysis

About David Nye

David is a Senior Vice President in investment advisory with over 30 years of experience.

Based in Minnesota, USA he has a long history in technical analysis across a range of markets. David brings his experience to provide an independent insight into potential salmon pricing based on LFEX and DataSalmon data.

What is Technical Analysis?

Technical Analysis is used to try and identify price trends in the future. Analysts believe that by using factual past information (trading activity and price changes) it is possible to identify future price movement trends and is quite prevalent in commodity and forex markets but can be applied to any product.

Technical Analysis has been developing for over a century, and there are now hundreds of patterns and signals that have been created. They are often used in conjunction with other forms of research and analysis to help formulate, or support pricing trend opinions.

Purpose of the Analysis?

To provide an independent data-driven view of market pricing trends in the short and medium-term. As a potential tool, for users to access future pricing trends based on LFEX/DataSalmon derived market data.

How Does it Work?

On a regular basis (weekly), David will provide his independent analysis of LFEX and DataSalmon pricing data. The output will be to provide pricing trends based on the most up to date pricing received.

The analysis will show the expected trends and potential (price) levels, as well as other markers – for example, higher or lower price triggers that would affect the analysis of the trend – and what this might mean. It is data-driven, and will not, and does not, account for any other fundamental analysis, or weather or biological events for example. This is the same for any commodity product technical analysis.

Disclaimer

All information provided contains no guarantee whatsoever, especially of completeness, accuracy, timeliness or of the results obtained from the use of this information, and is provided without warranty of any kind, expressly or implied. In no event will, LFEX Ltd or DataSalmon, its member firms, or the partners, directors, officers, owners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information or for any consequential, special or similar damages, even if advised of the possibility of such damages. In no event and under no legal or equitable theory, whether in tort, contract, strict liability or otherwise, shall LFEX Ltd or DataSalmon be liable for any direct, indirect, special, incidental or consequential damages arising out of any use of the information contained herein, including, without limitation, damages for lost profits, loss of goodwill, loss of data, work stoppage, the accuracy of results, or computer failure or malfunction